Business Context and Reporting Period
Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: July 29, 2024
Subject: Executive leadership transitions and organizational structure changes in anticipation of the retirement of Randall Theisen from Corporate Affairs.
Key Financial Metrics
This filing does not contain financial performance data. No revenue, profit, cash flow, margin, debt, or liquidity metrics are reported in this document.
Material Changes
- Timothy Boothe: Transitioning from Chief Operating Officer to Chief Administration Officer. New responsibilities include oversight of Corporate Affairs, Information Security, and additional back office and business line functions.
- Steve Curley: Remains Chief Banking Officer – National Business Lines. Additional responsibilities now include oversight of Technology, Operations, Business Controls, and aligned support functions.
- J. Kelly Ardrey, Jr.: Chief Accounting Officer notified the Company of his intention to retire, effective March 3, 2025.
- Compensation: The filing explicitly states there are no new or changed material plans, contracts, or compensation arrangements resulting from these updates.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of risks and contingencies. The document is limited to reporting specific personnel changes and organizational restructuring.
Investor Verification Checklist
- Verify the effective date of J. Kelly Ardrey, Jr.'s retirement (March 3, 2025) and any interim Chief Accounting Officer appointments.
- Confirm the specific scope of "additional back office and business line functions" assigned to Timothy Boothe.
- Review subsequent filings for any impact on the Company's internal controls or financial reporting processes following the Chief Accounting Officer's departure.